Pakistan Stock Exchange (PSE) continued its downward trend on Friday

KARACHI (WEB DESK )

The Pakistan Stock Exchange (PSE) continued its downward trend on Friday and the KSE-100 Index fell further by 58.35 points to 45931 points while the share prices of 54.61% companies declined.As a result, the market capitalization sank by Rs.33.63 billion Interest in buying shares of for-profit companies rose sharply. In terms of share trading, the trading volume was 14.44% lower than on Thursday. The Pakistan Stock Exchange (PSE) started trading in the positive zone on Friday and investors rallied due to interest in buying shares of profitable companies. Came to see. During the trading session, the SE-100 Index reached a high of 46170 points. However, due to the profit-taking trend, the uptrend could not be sustained and the downtrend spread. The S&P 100 Index closed at 45931 points, down 58.35 points at the close of business. Similarly, the SE-30 Index declined by 68.04 points to 19109.64 points and the KSE-All Shares Index declined by 129.05 points to 31914.58 points. Shares of 18 companies remained stable. Due to the downturn, the market investment value decreased from Rs. 83.41 billion to Rs. 83.77 billion. The share price of Sap Higher Tax increased by Rs. 49.99 to Rs. Rafhan Meez lost Rs 281 to Rs 9,501 and Pak Tobacco lost Rs 62.22 to Rs 1,587.78.

 

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